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VP – Risk Appetite Analytics

Job Req ID 21306579 Primary Location O'Fallon, Missouri; Wilmington, Delaware; Atlanta, Georgia; Elk Grove Village, Illinois; Irving, Texas Job Category Risk Management
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The One-Stop shop for cutting edge Risk Appetite analytics!

The Risk Appetite, Capital, & Analytics (RACA) unit seeks to catalyze transformational risk analytics for US Retail Bank (USRB).  The team resides in the CRO (Chief Risk Officer)’s organization within the Citigroup’s North America USRB business. It was designed to integrate all USRB’s existing risk appetite, capital (Economic and Regulatory Capital) related analytics into one centralized unit, provide oversight control on internal reporting processes that drive results liaise with the key business stakeholders.

The missions of RACA are:

  • Establishing and driving process rigor for risk appetite / capital analytics
  • Ensuring the appropriateness of top-down model results for the USRB portfolios
  • Developing cutting-edge analytics that drive returns optimization and portfolio growth
  • Integrating quantitative and qualitative standards to fast-track problem solving and innovation

RACA follows the total risk management approach, responsible for analyzing the risk appetite framework (RAF) for associated with running various USRB businesses, specifically the credit risk within the lending business, deposit related interest rate risk, market risk associated with the commercial/mortgage business, as well as all the fraud and non-fraud driven operational risk.

KEY RESPONSIBILITIES:

This role reports into the Senior VP of Retail Analytics, providing thought leadership in driving the best practice in risk management for USRB’s retail, mortgage and small business banking businesses. Specific roles and responsibilities include:

Drive RAF execution, evolution, and accountability for the Retail Bank products:

  • Oversee the credit risk analytics processes to ensure accurate and credible risk appetite / capital ratios that can support USRB’s capital management and allocation efforts
  • Perform trend analysis on RAF drivers, provide explanations of any notable shift, and assist the teams in escalating the corrections if the shift is due to data quality issues
  • Compile best-in-class reporting tools to brief Senior Management on risk appetite / capital drivers for USRB’s portfolios
  • Partner with Finance to ensure accurate risk appetite / capital allocation between USRB’s Retail and Wholesale portfolios
  • Derive in-business model driven (bottoms-up) analytics for RAF
  • Review and Execute management control framework for related processes, risks, and analytics.

Catalyze quantitative and qualitative innovation in the analytics space:

  • Leverage on programming/quantitative tools (SAS, Python, SQL) to mine and review big-data environments
  • Turn data facts into actionable insights through visual story-telling (Tableau, etc.)
  • Jailbreak data and modelling black-boxes and simplify access to key stakeholders

Build and manage stakeholder network across functional and business lines: 

  • Establish and maintain on-going transparent communications with model developers to achieve in-depth full understanding of the Citi-wide RAF & capital reporting process and all the related models, calculations and methodologies
  • Provide business feedback and opinion to drive appropriate practices in credit risk capital modeling for USRB 
  • Uncover emerging opportunities to deploy cutting-edge capital analytics and advisory
  • Create cross-functional exchanges that promote RACA’s ability and proposition in in-business strategic management
  • Manage tools that support team branding, development, and capital training across the organization.

Qualifications:

  • 6-10 years of relevant experience
  • 1+ years of experience in Risk Appetite Framework analytics
  • 1+ years of experience in wholesale or retail Basel II/III and economic capital analytics or reporting
  • Proficiency in data/quantitative tools such as SAS, SQL, Python, and Tableau
  • Demonstrated ability to synthesize, prioritize and drive results with a sense of urgency
  • Proven ability to remain organized in a fast-paced environment, managing multiple projects
  • Proven interpersonal, organizational and analytic skills

Education:

  • Bachelor's degree/University degree in mathematics, statistics, finance, economics, or equivalent experience
  • Master’s degree with quantitative or business focus strongly preferred

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Job Family Group:

Risk Management

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Job Family:

Credit & Portfolio Risk Management

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Time Type:

Full time

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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